The rising minimum support prices have increased the cost of _____.

Distribution of foodgrains

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Maintaining buffer stock

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Procuring foodgrains by the government

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Agriculture production

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Solution

The correct option is D Agriculture production
The rising minimum support prices have increased the cost of agricultural production. Minimum support prices are the prices which are set by the government for farmers' foodgrains production.

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Similar questions

List - I (Type of Inflation)	List - II (Characteristic)
A. Demand-pull Inflation	1. Initially price rises
B. Cost-push Inflation	2. Price-rise controlled by rationing and other means
C. Suppressed Inflation	3. Inflation in which prices increase as a result of increased production costs, as labour and raw materials, even when demand remains the same
D. Creeping Inflation	4. Inflation in which rising demand results in a rise in prices. 5. Fall in price of raw materials

Write notes on:

(a) Minimum support price

(b) Buffer stock

(d) Fair-price shops

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